3994663
Descripción
Test por Kristina Torry, actualizado hace más de 1 año
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Creado por Kristina Torry
hace alrededor de 9 años
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Pregunta 1
Pregunta
The Client is always the incorporator
Respuesta
- True
- False
Pregunta 2
Pregunta
The organization process involves the preparation of the [blank_start]records book[blank_end], [blank_start]resolutions[blank_end], and [blank_start]registers[blank_end]
Respuesta
-
records book
-
resolutions
-
registers
Pregunta 3
Pregunta
All documents must be dated effective at the incorporation date
Respuesta
- True
- False
Pregunta 4
Pregunta
Resolutions are a [blank_start]formal[blank_end] way to make [blank_start]decisions[blank_end]
Respuesta
-
formal
-
decisions
Pregunta 5
Pregunta
Resolutions MUST include the following:
Respuesta
-
Company name, date, signatures, RESOLVED THAT
-
Company name, headings, page numbers, signatures
-
RESOLVED THAT, signatures, headings
Pregunta 6
Pregunta
What are the two types of resolutions?
Respuesta
-
Directors' and Incorporators' resolutions
-
Directors and Officers resolutions
-
Directors and Shareholders resolutions
-
Shareholders and Company resolutions
Pregunta 7
Pregunta
Directors have the authority to allot shares to shareholders
Respuesta
- True
- False
Pregunta 8
Pregunta
Shareholders resolve to appoint the bank
Respuesta
- True
- False
Pregunta 9
Pregunta
Directors set the financial year end
Respuesta
- True
- False
Pregunta 10
Pregunta
Incorporators issue share certificates
Respuesta
- True
- False
Pregunta 11
Pregunta
Incorporation Documents can be approved and adopted at any time by the shareholders
Respuesta
- True
- False
Pregunta 12
Pregunta
Shareholders have the authority to appoint directors
Respuesta
- True
- False
Pregunta 13
Pregunta
Shareholders resolve to waive the appointment of an auditor
Respuesta
- True
- False
Pregunta 14
Pregunta
Directors can limit inspection of Records
Respuesta
- True
- False
Pregunta 15
Pregunta
A records book is also known as a [blank_start]minute book[blank_end]
Respuesta
-
minute book
Pregunta 16
Pregunta
the records book contains records from [blank_start]incorporation to dissolution[blank_end]
Respuesta
-
incorporation to dissolution
Pregunta 17
Pregunta
correspondences are included in the records book
Respuesta
- True
- False
Pregunta 18
Pregunta
The records book is necessary for three reasons:
1. [blank_start]memory of the company[blank_end]
2. [blank_start]unlimited lifespan[blank_end]
3. [blank_start]back up[blank_end] for documents at the registry
Respuesta
-
memory of the company
-
unlimited lifespan
-
back up
Pregunta 19
Pregunta
the records must be kept in paper form
Respuesta
- True
- False
Pregunta 20
Pregunta
Current directors can inspect all records under Table 1 (unamended)
Respuesta
- True
- False
Pregunta 21
Pregunta
Former directors can inspect all records
Respuesta
- True
- False
Pregunta 22
Pregunta
Shareholders can inspect all records except:
Respuesta
-
they can inspect all records
-
directors minutes, resolutions, disclosures, and dissents
-
registers
-
Directors' registers, resolutions, and dissents
Pregunta 23
Pregunta
The records book must be organized with coloured tabs to indicate separate sections
Respuesta
- True
- False
Pregunta 24
Pregunta
all documents must be date/time stamped
Respuesta
- True
- False
Pregunta 25
Pregunta
Where do most firms stamp a document?
Respuesta
-
top right
-
top left or back of document
-
top or bottom centre
-
bottom right or back of document
Pregunta 26
Pregunta
what should you do if an envelope is delivered to your desk with not date/time stamp? What date/time should you use
Respuesta
-
estimate when it would have arrived at reception
-
date/time you received it
-
Don't stamp it
-
ask reception when it was received
Pregunta 27
Pregunta
When must the Annual Report be filed?
Respuesta
-
within 2 months after the company's anniversary
-
2 months before the Company's anniversary
-
on the company's anniversary
Pregunta 28
Pregunta
How many years in a row can a company neglect to file an Annual Report before it is dissolved?
Respuesta
-
3 years
-
2 years
-
1 year; it has to be filed every year
-
4 years
Pregunta 29
Pregunta
the Annual Report is electronically filed
Respuesta
- True
- False
Pregunta 30
Pregunta
an AGM is an [blank_start]Annual General Meeting[blank_end]
Respuesta
-
Annual General Meeting
Pregunta 31
Pregunta
Time Limit for the first AGM is [blank_start]18 months[blank_end] after incorporation
Respuesta
-
18 months
Pregunta 32
Pregunta
the AGM should take place within [blank_start]15 months[blank_end] of the last annual [blank_start]reference date[blank_end]
Respuesta
-
15 months
-
reference date
Pregunta 33
Pregunta
Alternatives to holding an AGM (for private companies) are:
1) [blank_start]resolutions[blank_end] in [blank_start]lieu[blank_end] of AGM
2) [blank_start]Defer[blank_end] to a [blank_start]later date[blank_end]
3) [blank_start]Waive[blank_end] the AGM for that year
Respuesta
-
resolutions
-
lieu
-
Defer
-
later date
-
Waive
Pregunta 34
Pregunta
The AGM is for Directors
Respuesta
- True
- False
Pregunta 35
Pregunta
What business is transacted at an AGM?
1) Approval of [blank_start]financial statements[blank_end]
2) appointment of/[blank_start]waiver of auditors[blank_end]
3) approval of [blank_start]directors' actions[blank_end]
4) election of [blank_start]directors[blank_end] (if applicable)
Respuesta
-
financial statements
-
waiver of auditors
-
directors' actions
-
directors
Pregunta 36
Pregunta
Only Shareholders have the power to limit hours of records inspection
Respuesta
- True
- False
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